Which M&A Sector Teams Are Winning in 2022?

The last few years have not been easy for the financial industry, have they? With falling revenue, stifled growth, and fewer deals completed, financial institutions worldwide have had to scale back in terms of operations and hiring. It’s easy to get disheartened given the current global economic outlook but we’re here to tell you to not lose hope!

Overall, when it comes to the M&A sector, there are some areas that are showing promise, even in such challenging times. For key areas, different banks will see different levels of success, which is important to keep note of. Here we explore M&A sector teams in various banks, to give you an idea of who you could just keep in mind for potential internship and job opportunities.

1️⃣ JPMorgan

In 2022, there was a 46% drop in tech sector M&A revenue (2021: $919m, 2022: $492m). However, there was an increase of 51% (2021: $164m, 2022: $248m) and 97% (2021: $96m, 2022: $189m) in real estate and utilities & energy M&A sector revenue respectively.

2️⃣ Goldman Sachs

Whilst not as drastic a drop as JP Morgan’s, Goldman Sachs did see a decrease in the tech sector of 14% (2021: $1,003m, 2022: $864m). Healthcare revenue dropped an unfortunate 50% (2021: $617m, 2022: $308m). However, for both real estate and utilities & energy, they saw an increase in revenue of 58% (2021: $116m, 2022: $183m) and 10% (2021: $129m, 2022: $142m) respectively.

3️⃣ Morgan Stanley

Morgan Stanley has done incredibly well this year in terms of real estate, as their real estate M&A revenue increased by an incredible 221% (2021: $103m, 2022: $331m). Utilities & energy increased by 38% (2021: $56m, 2022: $77m) whilst tech declined by 37% (2021: $726m, 2022: $459m) and healthcare by 69% (2021: $324m, 2022: $101m).

4️⃣ Bank of America

Not to be outdone, Bank of America also revealed a highly impressive increase of 372% (2021: $29m, 2022: $137m) in real estate M&A revenue. Both utilities & energy, as well as healthcare, recorded positive growth in revenue of 56% (2021: $88m, 2022: $137m) and 17% (2021: $178m, 2022: $208m) respectively. Bank of America is also the only bank listed here to see an increase in revenue for healthcare.

5️⃣ Citi

Citi’s focus hasn’t been on tech as much as it has been on other areas. Their real estate M&A revenue increased by 122% (2021: $41m, 2022: $91m) however their healthcare and utilities & energy revenue have decreased by 12% (2021: $105m, 2022: $92m) and 10% (2021: $114m, 2022: $103m) respectively. What’s important to note also, is that Citi is the only business listed here to see a decline in utilities & energy M&A revenue as opposed to their rivals.

If M&A is a sector you’re keen on, keep an open mind regarding the particular areas you can explore. Follow the reports to see which areas are thriving for a better idea of where opportunities may present themselves.

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